[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion] Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao

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• 2026.10.08 10:55
• [China's first three tower solar thermal base officially unveiled]
• Recently, the rotor of the variable speed pumped storage unit of the Langjiang Pumped Storage Project in Zhaoqing, Guangdong was successfully hoisted, marking the completion of the main installation of China's first domestically produced variable speed pumped storage unit.Editor/Cheng Liting

• 2026.10.08 10:54
• [Construction of offshore carbon injection and gas enhancement main body]
• On October 4, 2026, it was learned from CNOOC that the main construction of the new central platform for the Dongfang 1-1 gas field, China's first offshore carbon injection and gas enhancement technology demonstration application project, has been completed and entered the commissioning stage. After the project is put into operation, it can store over 1 million tons of carbon dioxide annually in the seabed strata.Editor/Cheng Liting